Share Name Share Symbol Market Type Share ISIN Share Description
NB Distres Red LSE:NBDG London Ordinary Share GG00BG0QZQ04 RED ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -0.28% 89.75p 89.00p 90.50p 90.00p 89.75p 90.00p 1,541 09:11:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

NB Distres Red Share Discussion Threads

Showing 326 to 350 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
09/8/2018
12:15
I'm out. Good luck to all that remain.
tiltonboy
08/8/2018
07:36
What an absolute disgrace these lot are. A litany of losses, mark-downs, and delays. I bet they still draw their fees!
tiltonboy
03/8/2018
14:59
redhill, I've been top-slicing/selling from 85p upwards. The two distributions give me a better average price, and a few less to sell into the market. I might well look back, and say I should have let it run, but I'm delighted to sell as we stand at the moment.
tiltonboy
03/8/2018
14:22
Thanks Skyship for clarification. It was still only 50k shares at 89p so I'd still contend that the one buyback in the current year has no relevance to the recent share price gains. tiltonboy, agreed re prospect of GRV of 126p being a tough ask, and also the fortuitous impact of currency movements, but being realistic wouldn't anything over, say, 105p from here be very acceptable? Again I'd emphasise I'm ignoring the longer history and performance of NBDG (as that was before my investment in the share) and just looking at what I paid, where we are now, and what might (reasonably) be achievable.
redhill9
03/8/2018
12:36
redhill - re those buybacks - sorry, you were right - 89p not 90p tilts - likewise was a good investment from an average in the low 70s; I just became rather disenchanted so banked good profits at c84.5p. Bt 10k back today just to have some skin in the remaining game rather than cash earning nothing.
skyship
03/8/2018
09:56
redhill, tbf, the vast majority of the shares I bought were in the low 70's, so it's been a good investment, but it does not excuse the inept performance of the managers, who have been fortunate in that FX has helped them out. With 15% of the fund having been distributed (following this one)the base case for Gross Realisable Value of 126p is going to be a tough ask, implying an average distribution of 130p on the balance of the portfolio!
tiltonboy
03/8/2018
09:42
In my case, just over 2 years to turn 70p into a quid for part of my first tranche, and 9 months to turn 79p into a quid for part of my my second tranche, plus some dividends and distributions along the way, so I'm not complaining. Still some way to go though to meet their declared distribution target for 2018 but as they haven't said in this announcement that anything in that respect has changed perhaps we should assume they still expect to meet it?
redhill9
03/8/2018
07:33
A return of capital above 100p....well done boys! Now just remind how long has it taken to turn a quid into a quid!
tiltonboy
19/7/2018
15:30
Skyship, where do you see buy backs reported at 90p? From the website announcements I can only identify that they bought back 50k on 9 July at 89p, and I can't see they've bought back any other NBDG shares this year, so I doubt that is the reason for the share price rise. NAV up another smidge yesterday to 102.36p, quite possibly currency driven but an increase is an increase when you're investment is Sterling based.
redhill9
18/7/2018
23:43
Stifel keep edging the price up a fraction every week, so perhaps they know something. I'm happy to sell into strength.
tiltonboy
18/7/2018
21:32
"someone appears to be buying" - could that be the Co. buyback at 90p perhaps!?
skyship
18/7/2018
18:07
So, in that case any thoughts on why the share price has risen by 5% over the last month while the NAV has risen only 2%? That follows a similar % rise in the share price over the previous two months. Clearly the rise in share price hasn't been solely, or even mainly, due to GBP weakness reflected in the NAV. My point was, while you may be right in your cynicism/pessimism about the management, someone appears to be buying and presumably they don't share your views about prospects, and maybe there is progress on realisations. I could be wrong and the proposed distributions don't happen as indicated but the net market appears to (perhaps) be suggesting otherwise.
redhill9
18/7/2018
15:50
Driven by GBP weakness. The company made 12 exits during it's investing period, yet has made none during it 15 month "harvest" period. The company expect to return 55% of assets during 2018, yet have not achieved an exit in the first 6.5 months. I would never accuse managers of clinging on to assets to achieve greater fees! I think I'm pretty certain, however, that the managers will achieve a greater return than the original shareholders!
tiltonboy
18/7/2018
14:28
Watching the share price closely as it seems to have been edging steadily upwards over past few weeks on no published news, which may suggest there is unreported progress and this share price movement encourages me to continue holding. Bid now 89p compared to latest NAV of 101.78p so discount of c.12%.
redhill9
04/7/2018
18:03
NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 03 Jul 2018: New Global Share GBP 1.0184
skyship
22/6/2018
15:21
Thanks tiltonboy, I can understand that perspective. Agree your point about 15 months into the harvest period with little apparent movement as I'd expected things to start happening almost immediately afterwards. However didn't NBDG recently reaffirm the proposed timescale for distributions, suggesting they still think it's realistic (unless of course they're deluding themselves as well as us)? I was fortunate enough to first encounter NBDG when the share price was in the low 70s in August 2016 and have had a gentle ride upwards since then so that may explain if I'm perhaps taking a more benevolent view of the situation than anyone who has followed the management longer term. If you and Skyship are both now sceptical then I consider that a warning to note.
redhill9
22/6/2018
13:34
redhill - the distrust towards the managers probably explains why people are willing to sell now. We are now 15 months into the harvest period, and there hasn't been one exit. Do you really think they will dispose of 50% of the portfolio in the next 6 months, or even 90% by the end of next year. A weak GBP has been the main driver of returns!
tiltonboy
22/6/2018
11:32
I've been surprised at comments from a couple of seasoned holders that they've been selling. Surely with the intention of distributing c.90% over 2018/2019 with the balance in 2020, and such a discount to NAV as has been current for some time, these are a solid hold? Am I missing some flaw in my thinking - other than the possibility of the NAV falling quite dramatically pre-distribution?
redhill9
22/6/2018
08:38
NAV back over a quid...Can i have my money back.
tiltonboy
14/6/2018
08:51
I'm letting a few go on each rise. They are 85.95p bid at the moment. Hopefully get news of a disposal soon.
tiltonboy
14/6/2018
08:13
NAV as at 12 Jun 2018: 98.61p No, reasonable profit after the $'s good run, so happy to move on...though actually now stuck in cash as finding very little to buy...a few more VTA perhaps.
skyship
07/6/2018
09:53
Just hedge the fx skyship if thats the only reason sold
hindsight
06/6/2018
22:08
Must be some positive portfolio news, considering the NAV is up to 98.38p
tiltonboy
14/5/2018
12:19
Cashed in a few @ 84p as the $ may now be rather overbought
skyship
11/5/2018
11:09
The RNS continues with information on relevent dates, so 7.48% of shares held at 25 May cancelled at 94.67p per share, payable by 12 June: The redemption of the NBDD, NBDX and NBDG shares (the "Redemptions") will be applied pro rata to holdings of NBDD, NBDX and NBDG shares on the NBDD, NBDX and NBDG registers at the close of business on 25 May 2018 (the "Redemption Date"), being the record date for the Redemptions. Approximately 12.42 per cent. of the NBDD issued share capital, approximately 8.76 per cent. of the NBDX issued share capital and approximately 7.48 per cent. of the NBDG issued share capital will be redeemed on the Redemption Date. Fractions of shares produced by the NBDD or NBDX or NBDG Redemption Ratio will not be redeemed and so the number of shares of the relevant class to be redeemed from each shareholder will be rounded down to the nearest whole number of shares. Payments of redemption monies are expected to be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) by 12 June 2018.
redhill9
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
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